CME Group launched MPC SONIA futures contracts in October 2018.
SONIA stands for Sterling Overnight Index Average Rate, yet I couldn't find what the MPC is for.
CME Group launched MPC SONIA futures contracts in October 2018.
SONIA stands for Sterling Overnight Index Average Rate, yet I couldn't find what the MPC is for.
I eventually found it in the contract specifications:
For a given contract, interval from (and including) scheduled Monetary Policy Committee (MPC) announcement date in Contract Month, to (and not including) scheduled MPC announcement date in Delivery Month.